Breaking news- Obasanjo: It’s Stupid To Ask Me For Abacha’s Loot!

Former President Olusegun Obasanjo has said that looted National funds recovered from ex-military dictator, General Sani Abachi were all kept in the Central Bank of Nigeria (CBN).


Obasanjo who described those asking him to account for Abacha’s loot as “stupid”, stated in an interview over the weekend that his job as a former President was to facilitate the recovery process and not bother about how it was put to use.

He said: “They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgement or who answered them are all stupid, with due respect.

“I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, CBN, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money.



Obasanjo further stated, “Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance.

“But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of money recovered and where he took it.”